What Does an Insurance Administrator Do?
As an insurance administrator, you could either work for an insurance company, managing the insurance products your company sells, or for a business or organization, managing employee insurance plans. Keep reading to learn more about these positions. Schools offering Insurance & Risk Management degrees can also be found in these popular choices.
Working for an Insurance Company
According to February 2012 Monster.com job posts, as an insurance administrator, you could work for insurance companies, managing the insurance plans and products that your insurance company offers. Duties in this position include following set procedures to ensure bills and payments are being processed in a timely manner.
You would, using your data entry skills, also be responsible for entering client and company information into a computer application. This also means you'd be working in a financial capacity, with money and figures. There may also be instances where you'd speak to clients and customers about different insurance products, such as car, health and life insurance.
Working in a Business or Organization
As an insurance administrator, you could even work for businesses and organizations managing insurance plans for employees. You'd work with employee life, health and dental plans, providing guidance to employees regarding what plans would be beneficial for them. You'd also be responsible for conducting research and assisting employees with your company's open enrollment of insurance.
If your company provides a retirement plan, you'd be responsible for managing all records regarding each employee's plan, as well as collecting spouse information and detailing benefit information. You could also work with the payroll department of your company to make sure the appropriate amount for insurance is being deducted from an employee's wages.
Skills and Experience
According to Monster.com, job posts, knowledge of the insurance industry, organizational and computer skills and the ability to multitask are essential in this field. One particular post indicated that you must have a property and casualty license for the state the job is in. Otherwise, experience can vary, depending on the employer. Other job postings suggested that you need at least three years of previous work experience to work in the insurance industry.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:
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